Ampol losing interest as 7-Eleven sale drags on
As the sale process for 7-Eleven continues to drag on, there’s a growing view that Ampol is no longer working on a bid, though not officially out of the process.
Ampol
Journos rebel against awards ‘virtue signalling’
Calls to boycott the Walkley Awards because of the event’s links to petroleum company Ampol have met a growing backlash from the nation’s top journalists.
Laurie Oakes’ plea: leave Walkley awards alone
The call by a group of cartoonists to boycott the Walkley Awards because of the event’s links to Ampol has been branded as ‘dangerous’ by the legendary federal political correspondent.
Truth should matter to all those talking about Walkley awards boycott
Journalists are boycotting the Walkley Awards because Ampol sells fossil fuels? Professional scepticism is too often replaced by zealotry.
‘Virtue-signalling’ cartoonists draw ire over Walkleys boycott
Walkley Award winner Mark Knight is among a group of cartoonists that has accused colleagues of ‘virtue signalling’ by boycotting this year’s prestigious media honours.
Walkleys hose down petroleum boycott
The body behind journalism’s most prestigious awards has brushed off a boycott by some of the nation’s most celebrated cartoonists and journalists because of its strong ties to Ampol.
Ampol profit tumbles as refining margins sour
The fuel giant’s interim earnings show the boom times that delivered so-called ‘extreme margins’ are coming to an end.
ASX falls; China disappoints; Iress tanks
Adairs, A2M dive on weak outlook. China rate cut less than expected. Premier lifts on CEO Richard Murray’s shock exit, review. Qantas, Star slapped with court actions.
Brisbane EV charging firm creates lots of buzz
Brisbane-based electric vehicle charging company EVOS has scored a big coup, sealing a deal with fuel giant Ampol to distribute its latest home EV charger.
Sales lift fuels Ampol surge
Shares in Ampol rallied on Wednesday following a better than expected first half driven by stronger wholesale fuel sales.
ASX rises; Westpac to overhaul ops
Rio down as iron operations track stability. Fortescue shares fall on ratings cut. Ampol lifts despite earnings decline. Northern Star tanks.
Opportunistic fund in the mix for 7-Eleven
At least one opportunistic private equity fund is understood to be courting the owners of 7-Eleven Australia.
Ampol taps UBS for 7-Eleven sale
Bids have now landed for the sale of the Australian arm of the retail convenience chain 7-Eleven.
ASX drops for third day; tech sector dives 4pc
Bourse ends at a five-day low. Xero tumbles amid tech sell-off. Boral warns of more inflation pain. New Hope soars in energy rally. Bendigo Bank ups chance of ‘hard landing’.
Ampol fuels up for a 7-Eleven pursuit
Ampol which was opposed by the ACCC over a deal to buy Mobil sites a few years ago, is entering the chase for convenience retailer 7-Eleven.
EV truck revolution will be a long time coming
The Ampol boss reckons the challenging economics of the EV shift means miners will need to find other answers to power big trucks
ASX ends down; Blackmores soars 23pc on takeover
Telstra sets best close in six years. Blackmores rockets on $1.85bn Kirin bid. Downer slashes 400 jobs. Guidance cut hits United Malt. ANZ warns nationalism a threat for lithium.
Viva’s On The Run play casts spotlight on Ampol
Markets are of the view that Viva’s latest deal may get Ampol thinking about more mergers and acquisitions as it, too, looks to diversify further away from fuel refining.
Ampol flags Lytton earnings hit
The fuel giant will stop operating a unit at the Lytton refinery until early May to fix an issue, impacting earnings by up to $50m.
ASX up tad on Origin, AGL; Lake dives 13pc
Goodman jumps on broker upgrade. Lake Resources dives on chair’s selldown. Latitude falls as cyber attack hits millions. Crown has now been hit with a ransom demand by a Russian cyber gang
Ampol faces doubts over future growth
Ampol may have staged a strong result, with annual net profit up 39.6 per cent at $727.5m, but weighing on the mind of management will still be its growth in the future.
BlueScope’s crash course on Bowen’s carbon cuts
The steelmaker’s green journey has more urgency given it is likely to be caught out in Chris Bowen’s new emissions crackdown.
Ampol fuels record earnings, bumper dividend
Fuels retailer Ampol expects buoyant trading conditions – which spurred record annual earnings and a bumper dividend payout to shareholders – to continue in 2023.
ASX ends flat as banks gain; NIB, A2 Milk dive
Financials up on Bendigo Bank’s half-year. NIB misses consensus. Bus win lifts Kelsian. Inghams gains on broker upgrades. Real estate stocks fall on weak results.
Ampol rallies on refinery strength
Shares in Ampol rose to their highest level in nearly three months as it continued to report refinery margins more than double what they were in 2020.
ASX ends up 0.1pc; Telix, JB Hi-Fi jump
Shares mostly unchanged as the Bank of Japan keeps its bond policy. Telix soars on US sales. JB Hi-Fi gains. Brett Blundy buys into City Chic as AustraliaSuper reduces stake.
ASX gains fade; Reliance, Ampol tank
Trading remained light on the local sharemarket ahead of Tuesday night’s Federal Budget. The S&P/ASX 200 trimmed a 0.8 per cent opening rise to close up 0.3 per cent at 6798.6. The high was the best in six weeks.
Ampol, Hyundai team up for cheaper EV charging
Ampol and South Korean car maker Hyundai have joined forces to capture a bigger market in selling EVs and services to corporate and government fleet clients.
ASX sinks 2pc in $46bn wipeout; tech, miners hit
ASX has its biggest one-day fall in two months as just four stocks higher. A2 Milk surges on result, iron ore futures hit miners, Fortescue profit drops and retail sales soar.
Ampol powers to record profit
Ampol has defended the fuel security subsidy introduced by the Morrison government after recording its strongest half-year profit ever.
Original URL: https://www.theaustralian.com.au/topics/ampol/page/2